The Chartered Institute of Management Accountants (CIMA) and Institute of Chartered Accountants in England and Wales (ICAEW) support the UK Government’s small business plan. Measures include legislating to end late payments costing the UK £11bn annually and cutting regulatory costs by 25%.

The plan aims to expand start-up loans, boost access to finance, back the everyday economy, future-proof business skills, and open opportunities through community funding, business rate reforms, technology adoption, skills investment, and expanding UK Export Finance’s capacity by £20bn.

CIMA and ICAEW praise the plan, emphasizing the importance of small businesses for growth and prosperity. Chartered accountants play a crucial role in helping small businesses thrive and scale up, contributing to the success of the Small Business Strategy and the UK Industrial Strategy.

Read more at Yahoo Finance: ICAEW and CIMA welcome UK Government’s small business plan